Oct 23, 2025 · CDIC was established by the Government of Canada to protect deposits in case of bank failure. Coverage is free and automatic when you bank with a member institution.

The Canada Deposit Insurance Corporation (CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide …

The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.

Feb 7, 2025 · How does CDIC insurance work? Canada Deposit Insurance Corporation protects more than $1 trillion in deposits and aims to maintain a stable Canadian financial system.

Oct 27, 2020 · Ever wonder how safe your money is in the bank? Find out how CDIC, also known as the Canada Deposit Insurance Corporation, insures your money for you.

Apr 17, 2019 · The Canadian Deposit Insurance Corporation (CDIC) is a crown corporation owned by the Canadian government that insures bank deposits up to $100,000.

Nov 22, 2024 · The Canada Deposit Insurance Corporation (CDIC) is a federal crown corporation that provides deposit insurance to customers who hold funds at commercial banking institutions.